NEW YORK (TheStreet) -- Citigroup (C) added Hershey Co. (HSY) to its "Focus List" on Tuesday, as the firm believes shares of the chocolate maker will make a strong comeback following a tough six months, during which time Hershey stock dropped 15%, CNBC.com reports.
Citigroup says Hershey is a U.S. food group top pick and is expecting Hershey to post an improvement in sales and margin trends over the course of the coming quarters, theflyonthewall.com reports.
Citigroup has a "buy" rating and $112 price target on the stock.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Watch the video below for more of Tuesday's analyst actions:
Separately, TheStreet Ratings team rates HERSHEY CO as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate HERSHEY CO (HSY) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
Highlights from the analysis by TheStreet Ratings Team goes as follows: